The HS Code 99170435 pertains to specific goods from Peru falling under subheadings 1901.20.15 and 1901.20.50. These goods are subject to certain regulations and restrictions, including the US note 4 limit. In this article, we will explore the details of this HS Code and its implications on trade between Peru and the United States.
The goods classified under subheadings 1901.20.15 and 1901.20.50 are primarily food products. Subheading 1901.20.15 refers to certain bakery products, while subheading 1901.20.50 includes preparations suitable for infant use. These products are subject to specific regulations and requirements outlined by the HS Code 99170435.
The bound or Most Favored Nation (MFN) duty rate is an important aspect of international trade. It ensures that every country treats its trading partners equally in terms of trade barriers and market access. When a country lowers a trade barrier or opens up its market, it must do so for all its trading partners, including Peru.
In the case of the HS Code 99170435, the bound / MFN duty rate is not explicitly mentioned. However, it is important to note that the duty rate may vary depending on the specific products and the tariff schedule applicable at the time of importation.
The quantity unit for the goods classified under HS Code 99170435 is not specified. It could be kilograms, units, or any other relevant measure, depending on the specific product being imported or exported.
Peru enjoys special tariff preference programs, notably the Free Trade Agreement with the United States. Under this agreement, goods originating from Peru may benefit from reduced or zero tariff rates when imported into the United States.
The special tariff preference program applicable to goods classified under HS Code 99170435 is "Free (PE)," which stands for Peru Special Rate. This program aims to promote trade between Peru and the United States by providing favorable conditions for the importation of certain goods.
The HS Code 99170435 is applicable to goods imported from Peru into various states in the United States. Similarly, it also applies to goods exported from the United States to Peru. The specific states involved in these trade transactions may vary depending on the demand for the products and the trading relationships between the two countries.
It is worth mentioning that the HS Code 99170435 is just one example of the numerous HS Codes used for classifying goods in international trade. Each HS Code represents a specific product or a group of related products, enabling efficient customs clearance and accurate trade statistics.
the HS Code 99170435 plays a crucial role in regulating the import and export of specific goods from Peru. Understanding the details of this HS Code helps businesses, importers, and exporters navigate the complexities of international trade and ensure compliance with the applicable regulations and tariffs.